Caricom’s chairman has called on the 54 member-nation Commonwealth to “join forces and form strategic alliances” to pursue the developmental interests of their members.
Speaking in Jamaica at a conference hosted by the University of the West Indies and the Commonwealth Secretariat, the chairman, Grenada Prime Minister Tillman Thomas, said there is a “great need” for cooperation among developing countries in seeking to reform the global financial institutions.
“The onerous conditions imposed for use of their facilities, allied to the rules applied for graduation, pose serious challenges to our hopes for development. “Burdened by debt and unable to obtain concessionary loans, we are literally between a rock and a hard place,” the Grenadian leader said.
The Caricom chairman told the Jamaica Conference, which has as its theme “Caricom and the Commonwealth: Collective Responsibility in the 21st Century”, that the links which exist among Commonwealth states must be used more aggressively to advance the interests of small underdeveloped states.
He called on developed economies to recognise the adverse effects of some of their recovery policies on the smaller economies, as there are already “signs of marginalisation” of small states in the pursuit of global economic recovery.
The prime minister, who also chairs the Alliance Of Small Island States (AOSIS), continued to make a case for assistance for small island states in reducing and mitigating the threats posed to the survival of these states from climate change. “All our diligent efforts to develop our nations can be rendered meaningless unless urgent and effective measures are taken to address the adverse effects of climate change. For a number of our countries, sea-level rise in particular presents a clear and present danger to their very existence.” (Excerpt from CMC)
